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"The price is five hundred thousand dred thousand, and four hundred thoudollars."

sand cash. If you like, we 'll undertake “What!"

to secure a second mortgage for you on “The exact amount," said Mr. Farwell, commission, but we can't carry it ourcomplacently, "that we should expect to selves. That, I think, covers it.” receive, gross, after developing the prop- Corbett drew a long, long breath. erty and selling it at acreage figures.'

“It seems so.

I suppose you want real “And you won't take into consideration money for your option, too?" the desirability of having the club in War- Mr. Farwell was pained. wick? You ’ve still got three or four hun- “My dear Mr. Corbett, you misunderdred acres.

Won't the club help you sell stand me completely. This is nothing but them? Is n't it worth something to your a straightforward business plan to sell company to keep the club alive?"

land which we own; you 're taking it as "Not a nickel," denied Mr. Farwell. a personal matter. On the contrary, you “Land is land. The only price I can make can have your option at the minimum legal is the one I quoted, and the very best I consideration-one dollar, technical, nomcan do is to give you an option until the inal.” first of September.”

"Have it drawn," said Bowker. "Mortgage?" asked Corbett.

“Now? Why sha'n't I mail it to you?" "Two hundred thousand, the balance in “We'd better take it with us,” said cash.”

Bowker. “We'd better show it to the “But, look here, you must know the governing board. If we told 'em your status of the club tract. In the market it price, and had nothing in the way of is n't worth more than sixty per cent. of proof, they'd think we were joking.” what you ask for it. We could n't get a "Just as you like," conceded Ir. Farsecond mortgage of any size; you 're vir- well, smiling faintly. “If you'll wait tually demanding three hundred and fifty perhaps ten minutes—” He summoned a thousand cash!"

stenographer; Corbett looked at Bowker, "Precisely," agreed Mr. Farwell, with- Bowker glared at Corbett. out enthusiasm.

“I was going out to play,” said the Bowker reflected upon the terms.

president under his breath. “Wonder if “Out of the question,” he stated fatly. we ought to go down town and see the “The club is n't a bank, Mr. Farwell. banks?" We've very few wealthy members. We "Wait until it rains," advised Bowker. want men who play golf; it 's been some- "Too good a day to see bankers. Are you thing of a strain to pay the overhead as it made up

for the afternoon?" is. Even so, I think we might come to

“Not yet.” some agreement on the basis of an in

“We need a man.

Want to come in ?" creased rental —”

“Gladly. What are you doing?" "No," said Mr. Farwell, yawning “Oh, around eighty-five." slightly; "we 're selling the property. It 's "Really?" immaterial whether you or some one else “Fairly regularly." takes it off our hands; but we 're selling. “I have n't had a club in my hand for If you want a little leeway, if you want two weeks, but I 'll do about ninety.” to put it up to your members, we 'll ar- “Bet

you

the caddy hire you don't.” range for a formal option. Unless you “No-o,” declined the president, caudecide to buy, we shall have to make ar- tiously ; "I have n't touched a club for so rangements to begin developing in the long. But I 'll tell you what I will do: near future. Just one thing more: please I 'll bet the caddy hire you are n't under don't come to us with counter-proposi- a hundred." tions, because we can't entertain them. "No," said Bowker. "You see, I just We 'll take a first mortgage at two hun- bought a new mid-iron; I 'm likely to be

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a bit off this afternoon. Oh, are you "When you 're all through talking,” ready for us?"

said Corbett, “I'll tell you something “Sign here, please,” said Mr. Farwell, I've been holding back. I know one man cheerfully.

a person-who might finance the whole

thing for us; he has the money." By the first of August the Warwick Club “Don't wake me up," said Bowker, was gloomily contemplating the prospect

softly. of dissolution. Committees and subcom- "Perfectly true," insisted Corbett. mittees were appointed and disbanded “And the reason I 'm waiting is because I with the celerity which obtains in Balkan don't know what to do." politics; money was subscribed, pledges "It ought to be easy,” said Horton. were taken, promises were made, and the “Simply go in and ask him for a loan of total amount involved was n't a quarter

four hundred thousand for a few years. of the amount required. Bowker had What 's simpler than that?" toured the banks, and returned in discom- "Sarcasm aside," reprimanded the presifiture.

dent, "nothing could be simpler than "They all admit," he said savagely, that." "that in a few years the land will be "You mean you know a possible way worth that much, but they can't see it out of this mess, and you have n't even now. I 'm through, fellows. I've done begun to negotiate ?" everything I can. It 's no use. The best "That 's exactly what I mean. The thing for us to do is to get our names up man happens to be a sort of relative of my for some other club as soon as we can." wife. Nine or ten million, I suppose

“I 'm afraid so," granted Horton, the retired a few years ago. He was in steel. club champion. “There really was n't Incidentally, he 's buying nothing but realmuch use trying; you can't raise four hun- estate just now." dred thousand among four hundred mem

Bowker sat up. bers in a club of this kind."

"Well, what have you been doing?”

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"Thinking," said Corbett. "I don't your life; and he is so constituted that he doubt for a minute that if I could get my sees the events of last month through a man out here, let him look over the land, golden haze. If he made a certain hole in investigate values, and all that, he 'd help seven, he 'll estimate that if he'd putted us out-at a profit to himself. Of course another inch to the right, he 'd have been I can't say what he would do, but I think down in six. Morally he's sure it was he'd be willing to give us cash and take six. Fine! Then a little later he 'll rea bond and mortgage. Perhaps he'd even member that his drive was a few yards in buy the property outright and keep on the rough, and it cost him a stroke to get leasing it to us. It 's only a chance—" out. If his drive had been straight, he 'd

"Then why have n't you done some- have saved the stroke. Good! He knows thing about it?"

he could have made a five instead of a six Corbett grinned in deprecation.

if he'd tried a little harder. Morally at "He plays golf."

least a five. Then if his approach had "Well, is n't that all the better?" been thirty yards farther-you ought to

"Hardly. Let me explain. Cuyler - get the idea by this time. I 've played that 's the man's name-Cuyler 's sixty- Montclair with him when he made a hunseven years old. He took

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dred and twenty-one; two weeks afteryears ago. Up to that time he could n't

ward it was ninety-nine; about this time even talk about it intelligently; to-day his he 'll say he did Montclair in eighty-three, improvement is inconceivable.”

and he 'll describe every stroke in detail !" "Plays well, does he?"

"He 's on the road to be a regular "No," said Corbett; "talks. Honestly, player," said Bowker. he could give Jerry Travers two adjec- "To continue. He recites these things tives a hole, and beat him without half and then goes out, and for three or four trying. You listen to him before he goes holes he 'll put in a string of alibis that 'll out or after he comes back, and

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stagger you. Then when he sees that it think he broke the course record. But in won't do-sky-high! What he 'll say or the meantime-"

what he 'll do is beyond me to imagine. “Yes?"

I 'll tell you this much: he invests in a “I've played this game for a good many good many schemes, he plays a good deal years," said Corbett, "and I 've seen some of golf, but there is n't a case on record wonderful exhibitions. I've seen men when he was sold on the links. It can't lose their tempers, and I 've seen them be done. Furthermore, he 's never yet break their clubs. I've heard some alibis done business with a man he played with that would have given Ananias material beforehand. He 's too much chagrined for another couple of centuries. But and mortified and full of conscience. And when John Cuyler gets up to the tee- certainly he would n't consider buying this well, it 's a new chapter.”

golf property without playing here. If he Still, I don't see your argument.” does, and if he plays his best game, he won't

"If I brought him out here,” explained better a hundred and twenty, because this Corbett, patiently, “he 'd have to be enter- is the stiffest course in the district. Durtained. He's been a big man, an impor- ing the round he 'll say some things that 'll tant man; he 's always had attention, and stop business right there. I know. Why, he loves it. There 'd have to be a lunch- we were playing Montclair with a man eon before the game--incidentally, he who thought he was persuading Cuyler to never plays in the morning. If he were n't come in with him on a scheme which would, entertained, he 'd never forget it; so that and eventually did, net three hundred per it would n't do to prejudice him unfavor- cent. Before we got off, Cuyler talked in ably before the start. All right. During the low eighties. He was twenty-nine for luncheon he'd begin to talk. He'd talk four holes. On the fifth he accused the some of the best golf you ever heard in other man of sneezing so as to spoil a

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putt, and it was all over. Now, that 's Bowker recognized the truth of the presithe only chance I have. Remember, dent's description of him. He was a short, we 're not asking for a loan of personalty ; stout man, forceful and incisive; his manwe want cash. If you want to risk your ner invited, and yet defied, contradiction. peace of mind, I 'll risk mine, and we 'll “A pretty course

a pretty course from have him out here,”

up here," he began. “Looks too easy, "If he happened to have some luck," though; not enough trouble. Par seventysaid Horton, slowly, "it would n't hurt two? That 's fair enough. Suppose you us, would it?"

young fellows crack eighty right along. "We might use the ladies' tees," added I'm not in your class; I 'm satisfied with Bowker. “That would cut ten strokes off eighty-five or so. Bob, did you hear I 've his score."

got to quit?" “What 's the best he's ever done?"

"Not golf?" inquired Corbett. "Why, a hundred and four or five.” “Yes, sir; doctors say so.

Say it 's “That 's at least a hundred and twenty hurting me.

hurting me. I can't see it, but I look at on this course,” said Horton.

it this way: what do they gain by making "A hundred and ten from the short me quit? Answer, nothing at all. Can't tees, though,” persisted Bowker.

be inercenary. Next reason, I 'm not fool Corbett, who had been drumming on enough to pay a doctor-best doctor in the table with his fountain-pen, suddenly the world - thirteen or fourteen hundred ceased.

a year for advice, and then not take it. So “Wait a second.”

pretty soon I 'll have to stop." "A mortal thought, is it?"

Bowker kicked Horton under the table. "Possibly. I wonder—"

"Er-you'll be glad to have played “Don't disturb him!” said Horton. Warwick," said Horton, desperately.

Corbett brought his hand in startling "I dare say, sir. Heard a lot about it; contact with the champion's knee.

very hard, they say. Long carries." "I've got it!"

“Corbett tells us you 're a long driver, “I realize that; you did n't need to though,” remarked Bowker. flatten it out entirely."

"Very long at times, very long indeed. “No, listen! All we need is a thousand Out at Montclair I was driving well-redollars and three weeks' time—”

member it, Bob?" "I'll contribute the time," said Bow- "You surely were," said Corbett. ker.

"What was it I made? Eighty-nine, I The president beamed beatifically upon think. It was a bad day, extremely bad. them.

It 's an easy course; ought to have been “Both of you be here at nine o'clock eighty-one or two. I 'm likely to play Monday morning without fail. By the very well or very badly, gentlemen. Don't way, how much confidence do you think be alarmed whatever happens. If I'm on the club has in me?"

my game, I may give you a rub." "All there is. Why?"

"A great many good players do poorly "Because on Sunday night," stated the first time around Warwick," said CorCorbett, "the club-house and the links bett, gravely. "There's no doubt that close up tight for three weeks by virtue of it 's the hardest course in the East, anythe authority vested in me- — for the good way.” of the people and all that sort of thing. “Let 's be at it!” said Cuyler, impaThe club-house and course will close for tiently. three solid weeks, and I don't intend to As the quartet emerged from the clubgive anybody any reasons."

house, the capitalist paused.

"How much of this is yours?" he From the moment that they sat down to queried. lunch with Mr. Cuyler both Horton and “Over two hundred acres. The land

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across the road is held at three thousand seconds. "Well, that's a shot any lady 'd an acre, but of course that 's developed.” be proud of.”

“Looks like a good buy. We 'll talk "Lady!” said Bowker. “You 're halfbusiness later, Bob. It 's better than I

way to the green!” expected. Would n't mind having it in “No!” my own family. Well, where do we be- “Look at it! It did n't carry far, but gin?"

it must have rolled a hundred and fifty "The first hole," said Horton, “is just yards."

. over the brow of the first hill. You have "I don't know what it is," said Mr. a card, have n't you?"

Cuyler, speaking gently, in order that "Thanks. Three hundred and ninety Corbett would not overhear him, “but yards. How far does that rough go?" usually I get an enormous roll on the ball.

"A hundred and eighty. It is n't the Have n't the least idea what does it. Somesort of rough you 're probably used to; it's thing I do to it, I suppose." simply good grass about four inches high," "You keep on hitting 'em the same cautioned Horton.

way,” said Horton, sagely, “and you'll "Shoot!" said Mr. Cuyler.

make a good score.” The champion drove prettily; Corbett "It 's a fearful handicap; I don't know and Bowker followed; the capitalist stood the distances," said Mr. Cuyler. “Play to on the tee and waved his driver threaten- left or right of the green?" ingly.

“Left, by all means, and well to the "I have n't had a club in my hands for left.” nineteen days,” he said, “and my hands Mr. Cuyler sliced thirty degrees to the are cold. Never mind; I 'll scratch along right. somehow." He drove clear across the "I knew it,” he said bitterly. “The taller grass, and was delighted to find his caddy stood just where I could see him ball within twenty yards of Horton's. out of the tail of my eye. Boy, are you on "Beautiful drive, Mr. Cuyler," said exhibition? Did

you mark that ball ? Bowker in his ear. “Horton 's champion

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Know where it is?" He went forward, of the club, - handicapped four in the na- elucidating the caddy's pedigree to him as tional,--and he hit his ball perfectly, too.' he went. The others played up to the

“Oh, I get 'em off now and then. green; Mr. Cuyler found himself hole Brassy, boy!" He topped it badly, but the high, in grass to his shoe-tops. "If I only

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, . ball rolled to the summit of the little hill, had a mashy-niblick," he accused the and dipped toward the hollow.

caddy. “This thing is n't balanced right. "On!" called Horton. “Good shot!" Still -" He chipped out to the green,

They all made fours; as they proceeded and took two putts; and overcome by the to the second tee, Mr. Cuyler was moved realization that his score was good, he to eloquence.

regarded the ball for several seconds and “Any man who takes more than four on stole furtive glances at his partners. Once that hole," he said, "ought to be put off he made as though to speak to Corbett, the course.

Three hundred and ninety but chose the part of discretion, and enyards is a short hole. I could have made deavored to look diffident. it with a drive and a mashy. Can't expect "Did you see him play his third ?” said to use the right clubs when I don't know Horton to Bowker, very loudly. "He where the flag is.” He imbedded his ball talks about playing in the eighties. I don't in an immense cone of sand. “Don't sup- believe he ever made an eighty in his life; pose any of you brought a pair of gloves? he makes seventies.” The capitalist, who Well, never mind; only it ends me. Can't had started angrily, became calmer at the hold on to a club without 'em; it turns conclusion of the last sentence. right over in my hand.” He lunged pow- "I should have been on in two," he aserfully, and surveyed the result for several serted, still holding Corbett with his eye.

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